It’s amazing to watch the financial markets these days. There’s Trump and the damned virus and Russia all causing trouble and optimism reigns. It’s as if investors were convinced the markets could never decline. It’s as if investors had no concern about the national debt. It’s as if investors had no concern that it looks like 5% of the world’s population could die this year from the virus and there would be no compounding effects on the markets.
Those investors are in denial. Only a few years ago the Government of Pigs were whining that the deficit could reach a $trillion in Obama’s term. Now USA is running multiple $trillions indebtedness annually. Just who is going to repay that debt and when? How much of that debt is owed to China? What could possibly go wrong, go wrong, go wrong…? Trump doesn’t care about USAian national debt because he’s moving to Russia before the DOJ returns to rule of law and locks him up. Trump doesn’t care about how many million USAians will die from the virus because he can get the best medical care in the world while others fight over ventilators and medicines. Trump doesn’t care if he starts an uncivil war because he’s leaving office and USA one way or another.
I dropped my shares of USAian companies when I saw Trump on the horizon and I’m glad I did. Gold was USD$1200/ounce then. It’s USD$1800/ounce now and I’m leveraged to the hilt. Canada also has a very low incidence of the virus thanks to sanity in high places. Good luck USA. Good luck world. You are in for a world of hurt this year.